A P B FT P P C G D Q, Q Q Q. Q. Earlier, a small nation in international trade applied a tariff that increased the domestic price of the product from P, to ). Now it has decided to completely eliminate the tariff. What impact will this have on domestic producers? Producers will lose area B + C + D Producers will lose area B + C Producers will be unaffected Producers will gain area B + F + C + E + G + HIndividual's that talk on their phones during a movie generate what type of externality? Negative externality Annoying externality O Neutral externality O Positive externalityWhich of the following are situations that give rise to a positive externality? O The neighbor upstream from your cabin dumps her trash in the river O The neighbor plays loud music at all hours of the night O Your neighbor paints her house a pleasant color O Your neighbor across the street stops caring for his lawn40 MPC 30 20 10 MPB=MSB 10 15 20 25 30 1,000s of tickets A large publishing company prints tickets for use on subways. Suppose the publishing company disposes of its waste products by illegally dumping them at night into a nearby river. What is the deadweight loss due to the externality? (Hint. The area of a triangle = 1/2 X height X width.) 1/2 ($40 x 20,000) 1/2 ($20 X 10,000) 1/2 ($20 x 5,000)50 40 MPC 30 20 10 MPB-MSB 10 15 1,000s of tickets Suppose a printing company that makes paper tickets is located in a city that ensures that all negative externalities generated by the production of tickets are internalized by the company. With this intervention, what is the market price of each box of 1000 tickets? $20 O $30 $25